Latest News & Executive Interviews
Strengthening Contact Center CPaaS Delivers Best Customer Experience for Businesses, Finds Frost & Sullivan
When an unprecedented number of CC workers had to switch to a work-from-home (WFH) model—often using ad-hoc, remote workspaces—call volumes and customer requests surged. The employees working remotely have to manage with less-than-secure legacy systems, limited customer support tools, and a widespread organizational support system.
Blockchain-enabled Digital Health Credentials Build the Future of Digital Ecosystems; Frost & Sullivan
As organizations prepare to welcome employees, customers and visitors back to travel, events, and workplaces they must strategize to not just reopen safely but return to capacity utilization that will provide an economic boost. Digital health credentials are expected to be pivotal in sustaining reopening and building trust.
Manufacturers Employing Advanced 3D Metrology Experience Greater Efficiencies Across Value Chain; Frost & Sullivan
In the modern manufacturing industry, data is considered a strategic asset, and market leaders are evolving their processes and business models to harness its benefits. Savvy manufacturers turn to artificial intelligence (AI), machine learning (ML), collaborative robots (cobots), and advanced metrology to improve production efficiency and product quality.
US Companies Invest in Switched Ethernet Services to Connect to Cloud-based Applications, Says Frost & Sullivan
Market maturity, downward pricing pressure, and lack of sustained demand for point-to-point Ethernet services with SD-WAN (software-defined wide area network) will result in the market dropping from $6.35 billion in 2021 to $5.94 billion by 2024.
Millennials and Gen Z Customers Prefer Third-Party Customer Service Channels, Says Gartner
A Gartner survey revealed that most millennials (62%) and Gen Z customers (75%) report they would use noncompany guidance (such as a subreddit, Google search or YouTube video) to self-resolve their issues either all or most of the time, even when they have the option of contacting customer service.
Industry Convergence to Propel Cybersecurity Spending in Global Commercial and Public Sectors, Finds Frost & Sullivan
Cybersecurity for commercial and public sectors is estimated to reach $68.01 billion by 2030, driven by the ongoing threat of cyberattacks and government rules concerning privacy policies and data protection. The surge in digital infrastructures, mobile users, and wireless network usage is compelling organizations across sectors to embrace security convergence.
Work-at-home Agent Model to Accelerate Migration from On-premise to Cloud Application Solutions
The impact of the COVID-19 pandemic has propelled the demand for workforce engagement management and analytics applications. This increases the deployment of cloud/hybrid setups and creates opportunities to leverage digital solutions that support work-at-home agents (WAHA), self-service bots, and artificial intelligence-enabled solutions.
Many Large Organizations Are Overestimating Their Responsible AI Maturity
A new global survey conducted by BCG GAMMA finds that 55% of all respondents overestimated the maturity of their responsible artificial intelligence (RAI) program—the structures, processes, and tools that help organizations ensure that their AI systems work in the service of good while transforming their businesses.
76% Of European CIOs Are Underprepared For Automation, Finds Forrester
Forrester predicts that employment protection initiatives instituted during the pandemic will diminish incentives and further delay CIOs’ plans for automation across Europe. This is despite the fact that 76% of European organizations are already underprepared for automation compared to 65% in Asia Pacific and 73% in North America.
A Study from BCG and Faethm Quantifies the Impact of Automation Technologies on Job Markets
Technology is upending labor markets, and governments, companies, and individuals need to look beyond aggregate numbers and consider how individual professions will be affected. A new analysis quantifies the impact of technology by 2030 in Australia, Germany, and the United States. The report is being released by Boston Consulting Group (BCG) and Faethm.
Customer Service and Support Leaders Accelerate Self-Service Initiatives Due to COVID-19 Impact on Service Contact Volumes, Says Gartner
Customer service and support leaders are accelerating self-service initiatives to mitigate potential negative impacts of the pandemic, according to Gartner, Inc. More than 40% of customer service and support leaders have experienced increased service contact volumes compared to original 2020 projections due to the COVID-19 pandemic.
Adoption of Hyperautomation by Gen Z will Drive Supply Chain Autonomy Progress of Gen Z in the Workforce Drives Transformation, Predicts Gartner
The evolution towards an autonomous supply chain has already begun, and this transformation coincides and is driven by members of Generation Z (Gen Z), that have just started to enter the workforce, according to Gartner, Inc. Today’s supply chain leaders expect them to be innovators that accelerate supply chain digitalization and pave the way towards hyperautomation.
US Falls Behind Canada as a Work Destination as Pandemic Lowers Mobility, Finds New Global Workforce Study
The US has lost its status as the place foreigners would most like to work, with Canada now regarded as the top destination. The study shows that the pandemic has had a major impact on people’s attitudes toward work abroad, reducing their interest generally and inclining them toward countries that have done the best job of containing the coronavirus.
68% of Employees Would Leave Jobs to Work For Organizations That Take a Stronger Stance on Societal and Cultural Issues
Gartner’s survey revealed 68% of employees would consider quitting their current job and working with an organization with a stronger viewpoint on the social issues that matter most to them. Employees whose employer has taken a strong stance on current societal and cultural issues are twice as likely to report high job satisfaction.
Where Risk Management and Security Stand One Year into the Pandemic; New Forrester Findings
One year ago, COVID-19 was declared a global health emergency, impacting all sectors virtually overnight. With the pandemic hitting this benchmark, Forrester analysts are available for interviews to discuss how specific sectors have been impacted these past months worldwide, as well as what 2021 will look like as we keep adjusting to this “new normal.”
Only 23% of B2B Sales Reps Say They Are Equally Effective Selling Virtually as They Are in Person, Shows Gartner Research
Only 23% of B2B sales reps believe they are equally effective selling virtually as they are in a live, onsite setting, according to Gartner, Inc. However, Gartner’s survey showed that 58% of sales reps also report they have dedicated coaching sessions with their sales managers on effective virtual selling.
87% of Supply Chain Professionals Plan to Invest in Resilience Within the Next 2 Years, New Gartner Survey Finds
A global Gartner, Inc. survey found that 87% of respondents plan investments in supply chain resiliency within the next two years. The survey, conducted from September 2020 through November 2020, showed that even more supply chain professionals (89%) want to invest in agility (see Figure 1).
The Future of User Interfaces Shaping New Consumer Experiences, New Findings from Frost & Sullivan
User interface (UI) technologies have moved beyond simply representing machines to users to enabling sophisticated and personalized interaction. Their use has accelerated in healthcare, manufacturing, education, retail, and banking to simplify interactivity and improve engagement. The global AR/VR market is expected to reach $661.40 billion by 2025.
70% of Customer Service and Support Employees Want to Continue Working from Home After the Pandemic Ends, Gartner Survey Finds
Employees who traditionally did not have many opportunities to WFH are now used to it, like it, and wish to continue in some capacity once the pandemic is over. This is in line with most service leaders who believe WFH is here to stay post-pandemic. 81% of service leaders believe between 30-80% of their workforce will primarily be working from home two years from now.
Surge in Collaboration Tools for Remote Work and Education Triggers Growth of Global Wireless Content Sharing Market, Finds Frost & Sullivan
The proliferation of remote work and learning during the COVID-19 pandemic will drive global demand for wireless content sharing. Comprised of remote collaboration tools such as video streaming, application and other similar capabilities, these enable users to collaborate effectively from anywhere at any time and from any device.